About 450, 000 homeowners who were overcharged by Countrywide Home Loans will receive checks in the mail from the Federal Trade Commission as part of its settlement with the lender.

FORBES: 450,000 Countrywide Victims To Receive $108 Million For Excessive Fees

In July 1999, Fannie and Angelo Mozilo's Countrywide Home Loans entered "an alliance agreement" that included "a reduced documentation loan program called the 'internet loan, '" later called the "Fast and Easy" loan.

WSJ: Review & Outlook: What Fannie and Freddie Knew

The agreements center on home loans that Countrywide Financial sold to Fannie and Freddie at the height of the mortgage bubble.

FORBES: Fool Me Twice: Bank of America Plays Hide And Seek Using Fannie Mae